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Cement

BWCL Bestway Cement Limited

Latest results: FY2026 · Jun 2026

Watch BWCL · free results alerts

Last close · 16 Oct 2026

Rs 447.15 +0.91%

Quarterly · Q1 FY2022 – Q4 FY2026

Bestway Cement Limited (BWCL) quarterly income statement

Bestway Cement Limited reported revenue of Rs 25.9 bn for Q4 FY2026 (Apr – Jun 2026), up 0.5% on Q4 FY2025. Gross profit came to Rs 9.2 bn, a gross margin of 35.3%. Operating profit was Rs 7.0 bn (an operating margin of 26.9%). Finance cost was Rs 1.4 bn, up 4.0% on Q4 FY2025. Tax of Rs 1.5 bn took 27.5% of pre-tax profit. Profit attributable to shareholders was Rs 7.7 bn, up 21.1% on Q4 FY2025, or Rs 12.84 per share.

BWCL income statement (quarterly) (Rs bn)
Rs bn TTM to Jun 2026 Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 108.3 25.9 27.0 29.5 25.9 25.8 26.4 30.8 24.8
Cost of revenue (75.8) (16.7) (19.3) (21.1) (18.7) (17.0) (18.3) (18.5) (16.7)
Gross profit 32.5 9.2 7.7 8.4 7.2 8.8 8.1 12.3 8.1
Selling, general & administrative expenses (4.5) (1.9) (0.8) (1.0) (0.8) (1.0) (0.9) (0.9) (0.9)
Operating profit 26.9 7.0 6.7 7.1 6.2 7.5 7.4 11.4 7.1
Finance cost (5.4) (1.4) (1.4) (1.2) (1.4) (1.3) (1.7) (2.2) (2.4)
Profit before tax 21.6 5.6 5.4 5.9 4.8 6.2 5.7 9.2 4.6
Taxation (10.6) (1.5) (3.2) (3.1) (2.7) (3.1) (3.2) (4.2) (2.1)
Profit after tax 11.0 4.0 2.2 2.7 2.1 3.1 2.5 5.0 2.5
Profit attributable to shareholders 25.6 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Per share & other
EPS – basic (Rs) Rs 42.88 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS – diluted (Rs) Rs 42.88 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
Dividend per share (Rs) Rs 40.00 10.00 10.00 10.00 10.00 10.00 8.00 8.00 8.00
EBITDA 34.9 7.2 9.3 9.7 8.8 9.0 8.9 12.9 8.6
Depreciation & amortisation 8.0 0.2 2.6 2.6 2.6 1.5 1.5 1.5 1.5
Weighted average shares mn 596.2 596.2 596.4 596.3 596.1 596.3 596.1 596.4 596.3
BWCL income statement — year-on-year change (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue +0.5% +2.4% -4.3% +4.4% +8.0% +4.7% +6.2% -4.1%
Cost of revenue -1.3% +5.5% +13.9% +11.9% +10.9% +6.0% -9.4% -10.7%
Gross profit +4.0% -4.7% -31.6% -11.2% +2.8% +2.0% +43.3% +13.2%
Selling, general & administrative expenses +85.8% -12.5% +18.7% -9.2% +25.7% +36.9% +16.4% +37.6%
Operating profit -7.2% -9.1% -37.7% -12.5% -0.8% +4.8% +46.9% +8.2%
Finance cost +4.0% -20.4% -43.2% -42.6% -50.0% -40.6% -19.7% -18.9%
Profit before tax -9.6% -5.7% -36.4% +3.4% +25.7% +36.0% +82.3% +31.3%
Taxation -50.5% +1.7% -25.9% +28.1% +17.1% +61.8% +74.7% +32.1%
Profit after tax +31.8% -15.0% -45.4% -17.0% +35.8% +13.3% +89.2% +30.7%
Profit attributable to shareholders +21.1% +12.2% -24.4% +35.3% +83.3% +71.7% +99.8% +32.0%
Per share & other
EPS – basic (Rs) +21.1% +12.2% -24.4% +35.4% +83.4% +71.8% +99.7% +32.0%
EPS – diluted (Rs) +21.1% +12.2% -24.4% +35.4% +83.4% +71.8% +99.7% +32.0%
Dividend per share (Rs) 0.0% +25.0% +25.0% +25.0% +25.0% +33.3% +33.3% +33.3%
EBITDA -20.4% +4.5% -24.9% +2.1% -1.2% +4.5% +40.1% +7.7%
Depreciation & amortisation -85.6% +70.4% +70.2% +70.7% -3.2% +2.8% +4.0% +5.7%
Weighted average shares — — — — — — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

BWCL income statement — common size (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (64.7%) (71.5%) (71.5%) (72.1%) (65.8%) (69.4%) (60.1%) (67.3%)
Gross profit 35.3% 28.5% 28.5% 27.9% 34.2% 30.6% 39.9% 32.7%
Selling, general & administrative expenses (7.2%) (3.1%) (3.4%) (3.1%) (3.9%) (3.6%) (2.8%) (3.5%)
Operating profit 26.9% 24.8% 24.0% 23.9% 29.1% 28.0% 36.9% 28.5%
Finance cost (5.3%) (5.0%) (4.1%) (5.4%) (5.1%) (6.4%) (7.0%) (9.9%)
Profit before tax 21.6% 19.8% 19.9% 18.5% 24.0% 21.5% 29.9% 18.6%
Taxation (5.9%) (11.9%) (10.6%) (10.4%) (12.1%) (12.0%) (13.7%) (8.4%)
Profit after tax 15.6% 8.0% 9.2% 8.1% 11.9% 9.6% 16.2% 10.2%
Profit attributable to shareholders 29.6% 25.2% 19.0% 21.2% 24.5% 23.0% 24.0% 16.4%
Per share & other
EBITDA 27.7% 34.5% 32.8% 33.8% 35.0% 33.8% 41.9% 34.6%
Depreciation & amortisation 0.8% 9.6% 8.8% 10.0% 5.9% 5.8% 5.0% 6.1%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 94
BWCL income statement — all reported line items (Rs bn)
Rs bn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue from Goods & Services 25.9 27.0 29.5 25.9 25.8 26.4 30.8 24.8
Sales Returns, Allowances & Other Revenue Adjustments 2.5 1.6 1.1 1.8 1.6 1.8 1.4 1.3
Revenue Taxes 13.7 14.3 15.5 13.5 13.3 14.0 15.3 12.1
Gross Revenue from Business Activities - Total 42.1 42.9 46.1 41.2 40.7 42.2 47.5 38.2
Revenue from Business Activities - Total 25.9 27.0 29.5 25.9 25.8 26.4 30.8 24.8
Cost of Operating Revenue 16.7 19.3 21.1 18.7 17.0 18.3 18.5 16.7
Cost of Revenues - Total 16.7 19.3 21.1 18.7 17.0 18.3 18.5 16.7
Selling, General & Administrative Expenses - Total 1.9 0.8 1.0 0.8 1.0 0.9 0.9 0.9
Other Operating Expense/(Income) - Net 0.3 0.1 0.3 0.2 0.3 (0.3) 0.1 0.2
Other Operating Income - Total 0.1 0.2 0.1 0.1 0.1 0.7 0.6 0.2
Gross Profit - Industrials/Property - Total 9.2 7.7 8.4 7.2 8.8 8.1 12.3 8.1
Operating Expenses - Total 18.9 20.3 22.4 19.7 18.3 19.0 19.4 17.7
Operating Profit before Non-Recurring Income/(Expense) 7.0 6.7 7.1 6.2 7.5 7.4 11.4 7.1
Financing Income/(Expense) - Net - Total (1.4) (1.4) (1.2) (1.4) (1.3) (1.7) (2.2) (2.4)
Interest Expense - Net of (Interest Income) 1.4 1.4 1.2 1.4 1.3 1.7 2.2 2.4
Other Operating Expense 0.4 0.3 0.4 0.4 0.4 0.4 0.6 0.3
Interest Expense - Net of Capitalized Interest 1.4 1.4 1.2 1.4 1.3 1.7 2.2 2.4
Normalized Pre-tax Profit 5.6 5.4 5.9 4.8 6.2 5.7 9.2 4.6
Provision for Income Tax Expense- Unclassified 1.5 3.2 3.1 2.7 3.1 3.2 4.2 2.1
Income before Taxes 5.6 5.4 5.9 4.8 6.2 5.7 9.2 4.6
Equity in Earnings/(Loss) of Affiliates (after Taxes) 3.6 4.7 2.9 3.4 3.3 3.5 2.4 1.5
Income Taxes 1.5 3.2 3.1 2.7 3.1 3.2 4.2 2.1
Net Income after Tax 4.0 2.2 2.7 2.1 3.1 2.5 5.0 2.5
Income before Discontinued Operations & Extraordinary Items 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Net Income before Minority Interest 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Net Income after Minority Interest 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Income Available to Common Shares 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Other Comprehensive Income - Starting Line 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Other Comprehensive Income - Foreign Currency (0.1) (0.0) (0.1) (0.1) 0.0 0.1 0.0 (0.7)
Other Comprehensive Income - Unrealized Investment Gain/(Loss) (1.2) 2.7 (0.7) (0.0) (1.6) 0.3 0.6 (0.8)
Other Comprehensive Income - Hedging Gain/(Loss) (0.1) 0.2 — — — — — —
Other Comprehensive Income - Revaluation of Tangible & Intangible Assets 4.3 — — — 84.6 — — —
Other Comprehensive Income - Other 0.9 0.0 (0.0) 0.0 0.3 0.0 0.0 0.0
Other Comprehensive Income - Associated Companies — — — 0.2 — — — —
Other Comprehensive Income - Pension Related (0.8) 0.0 0.9 — (0.3) 0.0 0.3 0.0
Other Comprehensive Income - Income Tax 6.5 (10.9) 3.1 0.2 (24.6) (0.5) (1.4) 4.1
Other Comprehensive Income - Net of Tax - Total 9.6 (8.1) 3.2 0.2 58.5 (0.2) (0.6) 2.6
Comprehensive Income before Minority Interest - Total 17.2 (1.2) 8.8 5.7 64.8 5.9 6.8 6.6
Comprehensive Income - Attributable to Parent Company Equity Holders - Total 17.2 (1.2) 8.8 5.7 64.8 5.9 6.8 6.6
DPS - Common - Gross - Issue - By Period End Date Rs 10.00 10.00 10.00 10.00 10.00 8.00 8.00 8.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Income available to Common excluding Extraordinary Items 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Shares used to calculate Basic EPS - Total mn 596.2 596.4 596.3 596.1 596.3 596.1 596.4 596.3
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 596.2 596.4 596.3 596.1 596.3 596.1 596.4 596.3
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs 28.89 (2.08) 14.80 9.63 108.64 9.88 11.48 11.11
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Diluted Income available to Common excluding Extraordinary Items 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Shares used to calculate Diluted EPS - Total mn 596.2 596.4 596.3 596.1 596.3 596.1 596.4 596.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 596.2 596.4 596.3 596.1 596.3 596.1 596.4 596.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 12.84 11.43 9.39 9.22 10.60 10.19 12.42 6.81
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs 28.89 (2.08) 14.80 9.63 108.64 9.88 11.48 11.11
DPS - Common - Gross - Issue - By Announcement Date Rs 10.00 10.00 10.00 10.00 8.00 8.00 8.00 8.00
DPS - Common - Net - Issue - By Announcement Date Rs 9.00 9.00 9.00 9.00 7.20 7.20 7.20 7.20
Earnings before Interest & Taxes (EBIT) 7.0 6.7 7.1 6.2 7.5 7.4 11.4 7.1
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 7.2 9.3 9.7 8.8 9.0 8.9 12.9 8.6
Depreciation, Depletion & Amortization - Total 0.2 2.6 2.6 2.6 1.5 1.5 1.5 1.5
Depreciation - Total 0.2 2.6 2.6 2.6 1.5 1.5 1.5 1.5
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Normalized after Tax Profit 4.0 2.2 2.7 2.1 3.1 2.5 5.0 2.5
Normalized Net Income from Continuing Operations 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Normalized Net Income - Bottom Line 7.7 6.8 5.6 5.5 6.3 6.1 7.4 4.1
Earnings before Interest & Taxes (EBIT) - Normalized 7.0 6.7 7.1 6.2 7.5 7.4 11.4 7.1
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 7.2 9.3 9.7 8.8 9.0 8.9 12.9 8.6
Interest Expense 1.4 1.4 1.2 1.4 1.3 1.7 2.2 2.4
Operating Expenses 18.9 20.3 22.4 19.7 18.3 19.0 19.4 17.7
Selling, General & Administrative Expenses excluding Research & Development Expenses 1.9 0.8 1.0 0.8 1.0 0.9 0.9 0.9
Income before Taxes & Provision for Loan Losses 5.6 5.4 5.9 4.8 6.2 5.7 9.2 4.6
Cost of Revenue including Operation & Maintenance (Utility) - Total 16.7 19.3 21.1 18.7 17.0 18.3 18.5 16.7
Cost of Revenues excluding Depreciation 16.7 19.3 21.1 18.7 17.0 18.3 18.5 16.7
DPS - Common - Gross - Issue - By Payable Date Rs 10.00 10.00 10.00 10.00 8.00 8.00 8.00 8.00
DPS - Common - Gross - Issue - By Ex Date Rs 10.00 10.00 10.00 10.00 8.00 8.00 8.00 8.00
Tax Adjusted Operating Income 8.7 7.4 6.2 6.1 7.0 6.8 8.6 5.4
Operating Expenses excluding Non-Cash Charges - Total 18.7 17.7 19.8 17.1 16.7 17.5 17.9 16.2
Income Available to Common Shares before Depreciation & Amortization 7.9 9.4 8.2 8.1 7.8 7.6 8.9 5.6
Fixed Charges 1.4 1.4 1.2 1.4 1.3 1.7 2.2 2.4
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 10.00 10.00 10.00 10.00 8.00 8.00 8.00 8.00

Every line the company reported, in the original order and wording, without regrouping or signs changed.